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Consider an economy with a growth rate in the money supply of 5% and a constant velocity.For each growth rate in real output, give the
Consider an economy with a growth rate in the money supply of 5% and a constant velocity.For each growth rate in real output, give the corresponding inflation rate.
% Change in Y % Change in P
0 _______
2 _______
4 _______
6 _______
Find % Change in P
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